Oct. 20 (Bloomberg) -- The Inter-American Development Bank will lend Peru $950 million through 2012, state news agency Andina reported.

The bank will lend Peru $450 million this year and $500 million in 2012, country manager Fernando Montenegro told Andina. Loans in 2011 will include $300 million for state projects and $150 million for private industry, according to the agency.

The lender will also provide Peru with as much as $30 million in donations, Andina said.

--Editors: Philip Sanders, Harry Maurer

To contact the reporter on this story: Alex Emery in Lima at aemery1@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net