Clinton nomination 'good thing to see': Norway FinMin

Hillary Clinton becoming the presumptive Democratic nominee in the U.S. presidential elections, together with President Barack Obama's endorsement, is being hailed as a historic moment for women across America.

And it's not just nationally – on the other side of the Atlantic the U.S.'s close ally, Norway, applauded the win.

"I think that it's important to all the women in the U.S. to see that its actually possible for a woman to be nominated for president," said Norwegian finance minister Siv Jensen, to CNBC on Friday.

"It's the first time in history and I think that's a good thing to see."

Norway, a major exporter of natural gas and petroleum, enjoyed a bounceback in its economy in the first three months of the year with gross domestic product growing by 1 percent compared to the previous quarter, reported the Financial Times.

"What we have done in Norway is that monetary policy has definitely done its job, we have seen a weaker currency which has increased our competitiveness by around 20 percent in the last couple of years and then of course we have the opportunity to run an expansionary fiscal policy at least in a shorter term perspective," explained Jensen to CNBC.

"I think most countries need to focus on structural reforms because that is the only way that we can see stronger growth in world economy in the years to come," she added.

Norway, often hailed an example by the Brexit's 'Leave' campaign for its ties to the European Union (EU) without being part of the 28-member bloc, relies strongly on its partnership with the EU, said Jensen.

"The EU is by far the most important market for the Norwegian economy."


Geiranger fjord, Norway
Moment | Getty Images
Geiranger fjord, Norway

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