The European Commission has announced approval of Latvia's fifth and final payment request for €504 million under the Recovery and Resilience Facility (RRF), which is the central element of the European Union's NextGenerationEU program. The decision was made on November 3, 2026 in Brussels. The Recovery and Resilience Facility was created to support EU member states in overcoming the economic and social consequences of the COVID-19 pandemic, as well as to finance reforms and investments aimed at the "green" and digital transition of economies. The receipt of funds is conditional on countries fulfilling their agreed reform plans and achieving established targets. Approval of this payment means that Latvia has fulfilled all conditions stipulated in its national recovery and resilience plan and has completed receiving financing under this program. The funds will be transferred to the country's state budget following completion of necessary formal procedures. The NextGenerationEU program, launched in response to the pandemic, provides for the allocation of significant resources to EU member states on the condition of conducting structural reforms. Latvia, like other member states, received financing in stages, as it confirmed compliance with the agreed milestones of the plan.