This report presents an analysis of Yerevan's waste management system. It investigates the quantities of municipal waste generated and makes a projection what would be the waste generation in the next 20-year period of time. It also provides a description of the solid waste management (SWM) system in place in terms of operations, infrastructure, and facilities in place, institutional arrangements, current costs incurred, and financing of the waste management system. Besides, this Report tries to provide a critical overview of the municipal waste management sector in Yerevan and outline specific areas for improvement. Four different scenarios of an improved waste management system are analyzed in the report. The analysis points to potential efficiency gains that could be achieved and presents the cost implications of improved waste operations. The report concludes with recommendations about the steps that could be undertaken by the city to improve the overall performance of the waste management system in the short- and medium terms.