IMF won't be part of 1st tranche of planned Greek bailout - Schaeuble

German Chancellor Angela Merkel holds the weekly cabinet meeting at the Chancellery in Berlin, Germany, July 15, 2015. REUTERS/Axel Schmidt

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said in a letter to the president of Germany's lower house of parliament that the International Monetary Fund would not be involved in the payment of a first tranche of a planned third Greek bailout.

That tranche is due to be paid in mid-August, according to the letter, seen by Reuters, in which Schaeuble requested that the parliament agree to open talks on a third Greek bailout.