Erasmus Mundus is the international counterpart of the European-wide Erasmus
programme. It was created on 5th December 2003, gazetted on 31st December 2003
and became an official programme on 20th January, 2004.
In order for a course to be recognised and hosted under the Erasmus Mundus programme,
it should be offered by a Consortium of recognised higher education institutions
from one of the 27 Member States of the European Union, the EEA-EFTA states (Iceland,
Liechtenstein & Norway) or of the candidate countries for accession to the
EU (Croatia, Former Yugoslav Republic of Macedonia and Turkey). The 'minimum consortium'
has three higher education institutions coming from three different eligible countries.
After being selected, this consortium can establish a partnership with at least
one higher education institution of a third-country. The minimum duration to attend
an Erasmus Mundus Masters Course is one year and the maximum is two years.
You can find out more in the following links.