Despite the fact that the free flow ofpeople across borders is the lynchpin of today'sglobalized world, more importance is usually given to theunrestricted movement of capital and goods. As aconsequence, the effects of the financial crisis on theissue of migration have largely been ignored by theinternational community. The World Bank and otherinternational organizations are examining ways to mitigatethe effects of the financial crisis on migration and fosterproductive dialogue and partnerships among both sending andreceiving countries, and the migrants themselves. Thisarticle describes the effects of the crisis in theCommonwealth of Independent States (CIS), proposes reformsto mitigate its effects, and suggests actions to encourageself-sustaining progress in the area of migration in the future.