23. 6. 83 Official Journal of the European Communities No L 164/31 (Acts whose publication is not obligatory) COUNCIL COUNCIL DECISION of 13 June 1983 implementing Decision 83/200/EEC empowering the Commission to contract loans under the new Community instrument for the purpose of promoting investment within the Community (83/308/EEC) THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Decision 83/200/EEC of 19 April 1983 empowering the Commission to contract loans under the new Community instrument for the purpose of promoting investment within the Commu- nity (), and in particular Article 2 thereof, Having regard to the proposal from the Commis- sion (%), Having regard to the opinion of the European Parliament (), Having regard to the opinion of the Economic and Social Committee (*), Whereas the purpose of the Community’s action is to implement investment projects consistent with the Community’s priority objectives in the fields of energy, infrastructure and the financing of investment, principally that of small and medium-sized under- takings, in industry and the other productive sectors ; Whereas the Community has set itself the objective of stimulating economic activity and of supporting common policies by Community measures, in parti- cular by making optimum use of the Community’s () OJ No L 112, 28. 4. 1983, p. 26. () O] No C 66, 11. 3. 1983, p. 6. () OJ No C 161, 20. 6. 1983, p. 138. (*) Opinion delivered on 2 June 1983 (not yet published in the Official Journal). financial instruments, which combine in a coordinated policy to promote investment and combat unemploy- ment, the need for such a policy having been stressed by the European Council in Brussels on 30 March 1982 ; Whereas particular attention should be directed to investment which contributes to the more rational use of energy and to investment which contributes to the development of infrastructure ; Whereas a greater effort of investment must be made in the productive sectors ; whereas priority in this area is to be given mainly to investment by small and medium-sized undertakings in industry and the other productive sectors, with a view in particular to encouraging the dissemination of innovation and new techniques ; Whereas Community action in those fields will make a special contribution to the achievement of the Community’s objectives of reducing regional dispari- ties, raising growth rates, adjusting production struc- tures and permanently solving the employment problem, HAS DECIDED AS FOLLOWS: Article 1 An initial tranche of borrowings is hereby authorized for an amount which shall not exceed the equivalent of 1500 million ECU, in principal.