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National Accounts Statistics (NAS) compilers from Pacific Islands countries (PICs) took the opportunity, during the NAS Seminar conducted by the Pacific Financial Technical AssistanceCentre (PFTAC), on July 31, 2009 to establish the Pacific Islands National Compilers and Local Experts (PINACLE) Association. The establishment was welcomed by all member country delegates present at the Seminar.

 
The delegates felt that this was an appropriate time to establish the Association given the range of challenges and constraints facing national accounts producers in the region.  These include:
 
 
Rapid changes in Pacific Island Economies as countries develop or flounder, especially in the context of globalization, wide fluctuations in commodity prices, and the current global economic crisis;
 
The significant and increasing unmet demand for good quality and timely macroeconomic statistics;
 
The limited and shrinking technical assistance (TA) on national accounts statistics over the past decade;
 
The already limited and shrinking statistics budgets; and
 
The small number of national accounts compilers and high turnover of staff .
 
Members view the role of PINACLE as a regional technical level association complementing the development work being undertaken by NAS compilers and TA providers at the country level. The role of the Association is to assist in the development of NAS concepts, sources, methods and dissemination, with broader national statistical system (NSS) development issues being clearly viewed as the responsibility of the authorities and Government Statisticians. The Association reports to the SPC
 
Heads of National Statistics Offices Group on a regular basis following each meeting of PINACLE.
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PINACLE

The role of the Association is to assist in the development of NAS concepts, sources, methods and dissemination, with broader national statistical system (NSS) development issues being clearly viewed as the responsibility of the authorities and Government Statisticians