The chapter aims to analyse the evolution of Latvia’s development cooperation policy (here called development policy) in the first decade of the 21st century, focusing particularly on how Latvia adjusted to the so-called ‘Barcelona acquis’ in the field of financing for development.1 In order to understand the evolution deeper, the chapter covers the period 2000–2014, describing also the role of EU accession in the very formative stages of Latvia’s development policy (2000–2004).