diff --git a/resources/Dockerfile b/resources/Dockerfile
index a53b3f3ab..2f54462b2 100644
--- a/resources/Dockerfile
+++ b/resources/Dockerfile
@@ -4,7 +4,7 @@
 FROM ubuntu:20.04 as dev
 
 ARG TARGETARCH
-ARG RUST_TOOLCHAIN="1.58.1"
+ARG RUST_TOOLCHAIN="1.59.0"
 ARG CLH_SRC_DIR="/cloud-hypervisor"
 ARG CLH_BUILD_DIR="$CLH_SRC_DIR/build"
 ARG CARGO_REGISTRY_DIR="$CLH_BUILD_DIR/cargo_registry"
diff --git a/scripts/dev_cli.sh b/scripts/dev_cli.sh
index aea23987e..27d7aab09 100755
--- a/scripts/dev_cli.sh
+++ b/scripts/dev_cli.sh
@@ -7,7 +7,7 @@
 CLI_NAME="Cloud Hypervisor"
 
 CTR_IMAGE_TAG="cloudhypervisor/dev"
-CTR_IMAGE_VERSION="20220223-0"
+CTR_IMAGE_VERSION="20220303-0"
 CTR_IMAGE="${CTR_IMAGE_TAG}:${CTR_IMAGE_VERSION}"
 
 DOCKER_RUNTIME="docker"