diff --git a/.changes/1.18.32.json b/.changes/1.18.32.json
new file mode 100644
index 0000000000..7daec5e79c
--- /dev/null
+++ b/.changes/1.18.32.json
@@ -0,0 +1,22 @@
+[
+  {
+    "category": "``codebuild``",
+    "description": "[``botocore``] Documentation updates for CodeBuild",
+    "type": "api-change"
+  },
+  {
+    "category": "``firehose``",
+    "description": "[``botocore``] This release adds the Dynamic Partitioning feature to Kinesis Data Firehose service for S3 destinations.",
+    "type": "api-change"
+  },
+  {
+    "category": "``kms``",
+    "description": "[``botocore``] This release has changes to KMS nomenclature to remove the word master from both the \"Customer master key\" and \"CMK\" abbreviation and replace those naming conventions with \"KMS key\".",
+    "type": "api-change"
+  },
+  {
+    "category": "``cloudformation``",
+    "description": "[``botocore``] AWS CloudFormation allows you to iteratively develop your applications when failures are encountered without rolling back successfully provisioned resources. By specifying stack failure options, you can troubleshoot resources in a CREATE_FAILED or UPDATE_FAILED status.",
+    "type": "api-change"
+  }
+]
\ No newline at end of file
diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index ebf548ee04..8f070cacb8 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -2,6 +2,15 @@
 CHANGELOG
 =========
 
+1.18.32
+=======
+
+* api-change:``codebuild``: [``botocore``] Documentation updates for CodeBuild
+* api-change:``firehose``: [``botocore``] This release adds the Dynamic Partitioning feature to Kinesis Data Firehose service for S3 destinations.
+* api-change:``kms``: [``botocore``] This release has changes to KMS nomenclature to remove the word master from both the "Customer master key" and "CMK" abbreviation and replace those naming conventions with "KMS key".
+* api-change:``cloudformation``: [``botocore``] AWS CloudFormation allows you to iteratively develop your applications when failures are encountered without rolling back successfully provisioned resources. By specifying stack failure options, you can troubleshoot resources in a CREATE_FAILED or UPDATE_FAILED status.
+
+
 1.18.31
 =======
 
diff --git a/boto3/__init__.py b/boto3/__init__.py
index e23d69442e..76b394e7b8 100644
--- a/boto3/__init__.py
+++ b/boto3/__init__.py
@@ -18,7 +18,7 @@
 
 
 __author__ = 'Amazon Web Services'
-__version__ = '1.18.31'
+__version__ = '1.18.32'
 
 
 # The default Boto3 session; autoloaded when needed.
diff --git a/setup.cfg b/setup.cfg
index d400fe82b1..d9799e8517 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -3,7 +3,7 @@ universal = 0
 
 [metadata]
 requires_dist =
-    botocore>=1.21.31,<1.22.0
+    botocore>=1.21.32,<1.22.0
     jmespath>=0.7.1,<1.0.0
     s3transfer>=0.5.0,<0.6.0
 
diff --git a/setup.py b/setup.py
index 7c0b186899..6398350f44 100644
--- a/setup.py
+++ b/setup.py
@@ -14,7 +14,7 @@
 
 
 requires = [
-    'botocore>=1.21.31,<1.22.0',
+    'botocore>=1.21.32,<1.22.0',
     'jmespath>=0.7.1,<1.0.0',
     's3transfer>=0.5.0,<0.6.0'
 ]