diff --git a/CHANGELOG.md b/CHANGELOG.md
index d7b8431db..3664fc0f0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,7 @@ This file is used to list changes made in each version of the AWS ParallelCluste
 
 **CHANGES**
 - On Ubuntu 22.04, install the Nvidia driver with the same compiler version used to compile the kernel.
+- Upgrade `aws-cfn-bootstrap` to version 2.0-32.
 
 3.12.0
 ------
diff --git a/cookbooks/aws-parallelcluster-environment/recipes/install/cfn_bootstrap.rb b/cookbooks/aws-parallelcluster-environment/recipes/install/cfn_bootstrap.rb
index 092196c11..7c86e45b7 100644
--- a/cookbooks/aws-parallelcluster-environment/recipes/install/cfn_bootstrap.rb
+++ b/cookbooks/aws-parallelcluster-environment/recipes/install/cfn_bootstrap.rb
@@ -53,7 +53,7 @@
     REQ
 end
 
-cfnbootstrap_version = '2.0-28'
+cfnbootstrap_version = '2.0-32'
 cfnbootstrap_package = "aws-cfn-bootstrap-py3-#{cfnbootstrap_version}.tar.gz"
 
 region = node['cluster']['region']
diff --git a/cookbooks/aws-parallelcluster-environment/spec/unit/recipes/cfn_bootstrap_spec.rb b/cookbooks/aws-parallelcluster-environment/spec/unit/recipes/cfn_bootstrap_spec.rb
index 380c1613b..4e12931a1 100644
--- a/cookbooks/aws-parallelcluster-environment/spec/unit/recipes/cfn_bootstrap_spec.rb
+++ b/cookbooks/aws-parallelcluster-environment/spec/unit/recipes/cfn_bootstrap_spec.rb
@@ -3,7 +3,7 @@
 describe 'aws-parallelcluster-environment::cfn_bootstrap' do
   for_all_oses do |platform, version|
     context "on #{platform}#{version}" do
-      cached(:cfnbootstrap_version) { '2.0-28' }
+      cached(:cfnbootstrap_version) { '2.0-32' }
       cached(:cfnbootstrap_package) { "aws-cfn-bootstrap-py3-#{cfnbootstrap_version}.tar.gz" }
       cached(:python_version) { '3.9.20' }
       cached(:system_pyenv_root) { 'system_pyenv_root' }