Bob Geldof has criticised the Government's failure to reach its pledges on overseas aid by 2007.
The Live 8 campaigner was speaking in Dublin before receiving an honorary doctorate at UCD this lunchtime.
He said it is a nonsense that Ireland cannot arrive at 0.7% of GDP in overseas aid by 2007.
He said the Government's decision to renege on its promise amounts to moral corruption, adding that the new timetable for scaling up Ireland's aid promises is measly and mean.
Mr Geldof described as a huge victory last weekend's decision by G8 leaders to write off €33bn in debts owed by 18 African countries.
Asked whether the peoples of these countries would feel the benefit of the decision, he said nothing will work without decent governance and corruption being wiped out.
He said the steps to getting out of poverty are removing the debt burden, the use of new loans to invest in the economy and the infrastructure and the removal of trade restrictions.
Three more Live 8 concerts
Mr Geldof also announced three new legs for the Live 8 event, bringing the total number of concerts being held to eight.
The concerts in Tokyo, Toronto and Johannesburg are to be announced officially tomorrow.
He said there would be no concert in Dublin because it would not directly affect the G8 Summit.
But he said the reaction from Europe had been so great to the planned events that he had decided to extend the concerts.
Also honoured today by UCD were filmmaker Neil Jordan, scientist Robert Gallo and Professor of Political Science at University California, Los Angeles, Carole Pateman.
