Dr. Lili Liu has led advisory services to the World Bank’s operations in many developing countries on multilevel government finance, infrastructure financing, and capital market development. She has led policy research on multilevel government finance in the context of macroeconomic adjustment, infrastructure financing, and capital market development. Dr. Liu has published widely including books Until Debt Do Us Part and International Experience on Subnational Debt Management, and is a frequent speaker at high-level international conferences. She has a PhD in Economics from the University of Michigan, Ann Arbor.