diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index c05eaf210..76f1c3338 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -46,7 +46,6 @@ jobs:
       fail-fast: false
       matrix:
         node:
-          - 16
           - 18
           - 20
         platform:
diff --git a/package.json b/package.json
index 845e19f76..2072521e1 100644
--- a/package.json
+++ b/package.json
@@ -10,7 +10,7 @@
     "url": "https://github.com/nodejs/corepack.git"
   },
   "engines": {
-    "node": ">=16.20.0"
+    "node": ">=18.17.1"
   },
   "exports": {
     "./package.json": "./package.json"
@@ -52,7 +52,7 @@
   },
   "scripts": {
     "build": "rm -rf dist shims && run build:bundle && ts-node ./mkshims.ts",
-    "build:bundle": "esbuild ./sources/_lib.ts --bundle --platform=node --target=node16.20.0 --external:corepack --outfile='./dist/lib/corepack.cjs' --resolve-extensions='.ts,.mjs,.js'",
+    "build:bundle": "esbuild ./sources/_lib.ts --bundle --platform=node --target=node18.17.0 --external:corepack --outfile='./dist/lib/corepack.cjs' --resolve-extensions='.ts,.mjs,.js'",
     "corepack": "ts-node ./sources/_cli.ts",
     "lint": "eslint .",
     "prepack": "yarn build",
diff --git a/tsconfig.json b/tsconfig.json
index b623ce212..964f6cc27 100644
--- a/tsconfig.json
+++ b/tsconfig.json
@@ -7,12 +7,12 @@
     "moduleResolution": "node",
     "noEmit": true,
     "forceConsistentCasingInFileNames": true,
-    "lib": ["ES2021"],
+    "lib": ["ES2023"],
     "module": "commonjs",
     "resolveJsonModule": true,
     "skipLibCheck": true,
     "strict": true,
-    "target": "ES2021"
+    "target": "ES2022"
   },
   "ts-node": {
     "transpileOnly": true
diff --git a/yarn.lock b/yarn.lock
index 42f829f16..3f6ed383c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5734,22 +5734,22 @@ __metadata:
   linkType: hard
 
 "typescript@npm:^5.0.4":
-  version: 5.0.4
-  resolution: "typescript@npm:5.0.4"
+  version: 5.2.2
+  resolution: "typescript@npm:5.2.2"
   bin:
     tsc: bin/tsc
     tsserver: bin/tsserver
-  checksum: 2f5bd1cead194905957cb34e220b1d6ff1662399adef8ec1864f74620922d860ee35b6e50eafb3b636ea6fd437195e454e1146cb630a4236b5095ed7617395c2
+  checksum: 91ae3e6193d0ddb8656d4c418a033f0f75dec5e077ebbc2bd6d76439b93f35683936ee1bdc0e9cf94ec76863aa49f27159b5788219b50e1cd0cd6d110aa34b07
   languageName: node
   linkType: hard
 
 "typescript@patch:typescript@npm%3A^5.0.4#optional!builtin<compat/typescript>":
-  version: 5.0.4
-  resolution: "typescript@patch:typescript@npm%3A5.0.4#optional!builtin<compat/typescript>::version=5.0.4&hash=b5f058"
+  version: 5.2.2
+  resolution: "typescript@patch:typescript@npm%3A5.2.2#optional!builtin<compat/typescript>::version=5.2.2&hash=f3b441"
   bin:
     tsc: bin/tsc
     tsserver: bin/tsserver
-  checksum: c3f7b80577bddf6fab202a7925131ac733bfc414aec298c2404afcddc7a6f242cfa8395cf2d48192265052e11a7577c27f6e5fac8d8fe6a6602023c83d6b3292
+  checksum: 062c1cee1990e6b9419ce8a55162b8dc917eb87f807e4de0327dbc1c2fa4e5f61bc0dd4e034d38ff541d1ed0479b53bcee8e4de3a4075c51a1724eb6216cb6f5
   languageName: node
   linkType: hard