Moldova remains highly vulnerable to fluctuations in remittances from workers abroad (24 percent of GDP), exports to the Commonwealth of Independent States (CIS) and European Union (EU) (88 per cent of total exports), and donor support (about 10 per cent of government spending). The main transmission channels through which adverse exogenous shocks could impact the Moldovan economy are remittances (also due to potentially returning migrants), external trade, and capital flows.