pedrodegiovanni

Current Cemfi student here. As far as I know, this the program decided to incentivize students to stay for the PhD instead of leaving for somewhere else. Some in their PhD track receive funding, the rest can apply for the second year. The number of students will remain at 30 (the classrooms can't even fit more that that), and they will still help you if you want to apply to the US/UK, but the funding will be less generous.