The tendency to view the imposition of structural adjustment regimes by multilateral financial and development agencies exclusively as dictates of international capita is challenged because it fails to factor in the coincidence of the interests of the postcolonial educated, intellectual, technocratic and managerial elite in control of governing institutions with international capitalist interests that dictate, determine and define the policies and practice of structural adjustment and liberalization. Control of the postcolonial governing apparatus became the primary instrument of accumulation and domination for this elite. Its members became the primary beneficiaries of the neoliberal order for which structural adjustment and liberalization served as instrumentalities.