The document discusses two EU-funded programs - Erasmus Mundus and Tempus - that promote student and academic exchanges between Europe and neighboring countries like Armenia. Erasmus Mundus supports scholarships for students to study abroad, giving them life-changing experiences, while Tempus works to modernize universities by funding projects to develop curricula, teaching methods, and management practices. Both programs have had a significant positive impact on higher education in Armenia by facilitating international partnerships and cultural exchanges.