The Post's July 22 editorial charges that the agreement ending the recent general strike in Nicaragua contained major government concessions "that badly damage President Chamorro's economic recovery program." The truth is exactly to the contrary.

No one in the Chamorro government claims that the strike settlement will impose any damage to the administration's economic recovery program. Mrs. Chamorro ensured the integrity of her program by including Francisco Mayorga, its key designer, on the five-member team that successfully negotiated with the unions. La Prensa, the Chamorro-owned newspaper, gave a full page, point-by-point, analysis of the accords on July 13, and it concluded that "the government has ended the instability produced by the strike with little sacrifice on its part and definitely without reducing its sovereignty."

The editorial ignores the essence of the settlement. The Chamorro regime, the Sandinistas and the workers in industry, agriculture and the government all recognize that conditions exist for creating solid, long-time prosperity in Nicaragua. The contra war is over, the U.S. embargo has been lifted, the country is going to receive almost $1 billion in aid from all sources this year alone, and sustained political stability is guaranteed by the opposition's unequivocal acceptance of the administration's legitimacy.

What provoked the strike were the disasters of the opening months of the Chamorro administration: the hyperinflation, which quadrupled the cost of living in only 70 days, the elimination of free bus tokens for students and teachers, the elimination of pensions for the elderly and those disabled through war wounds, the firing of employees for political reasons or as reprisals for union activity and the threat to throw peasants off the land without any compensation for the investments they have made during the past 10 years.

These blunders (or, perhaps, deliberate provocations by elements seeking to create conditions to justify a U.S. military invasion) were no part of the Chamorro political platform, and they are wholly unnecessary to the Chamorro economic program.

PHILLIP R. KETE Takoma Park