diff --git a/package.json b/package.json
index c85f1609..2ded0e8f 100644
--- a/package.json
+++ b/package.json
@@ -22,7 +22,7 @@
     "compile-monaco-languages": "NODE_OPTIONS=--max_old_space_size=16384 rollup --config rollup/rollup.monaco.ts --configPlugin 'typescript={tsconfig: `tsconfig.rollup-config-monaco.json`}'",
     "clean": "rm -rf dist/",
     "compile-rollup-plugins": "rollup --config rollup/rollup.rollup-plugins.config.ts --configPlugin 'typescript={tsconfig: `tsconfig.rollup-config-plugins.json`, include: [`./rollup/rollup.rollup-plugins.config.ts`, `./rollup/rollup-metadata-plugin.ts`]}'",
-    "preprepare": "patch-package && ./scripts/install-vscode",
+    "preprepare": "patch-package && ./scripts/install-vscode && ./scripts/install-monaco-editor",
     "lint": "eslint '{src/**/*.ts,rollup/*.ts,*.ts}'",
     "generate-types": "./scripts/generate-types",
     "update-vscode-dependencies": "node --loader ts-node/esm scripts/update-vscode-dependencies.ts",
@@ -36,8 +36,8 @@
       "commit": "fee1edb8d6d72a0ddff41e5f71a671c23ed924b9"
     },
     "monaco": {
-      "ref": "v0.50.0",
-      "version": "0.50.0"
+      "ref": "v0.51.0",
+      "version": "0.51.0"
     }
   },
   "devDependencies": {
diff --git a/scripts/install-monaco-editor b/scripts/install-monaco-editor
new file mode 100755
index 00000000..7cee5a35
--- /dev/null
+++ b/scripts/install-monaco-editor
@@ -0,0 +1,35 @@
+#!/bin/bash
+set -e
+
+monacoRef=$(cat package.json | jq -r '.config.monaco.ref')
+
+package_json="`pwd`/package.json"
+output_directory="`pwd`/monaco-editor"
+version_info=$output_directory/version.info
+
+if [[ -e $version_info && $(cat $version_info) == $monacoRef ]]; then
+    echo "monaco-editor version $monacoRef is already installed. Aborting..."
+    exit 0
+else
+    echo "monaco-editor version $monacoRef is not available. Installing..."
+fi
+
+monaco_build_directory=`mktemp -d`
+echo "Downloading monaco-editor languages $monacoRef in $monaco_build_directory..."
+rm -rf $output_directory
+mkdir -p $output_directory
+curl -L --max-redirs 5 https://github.com/Microsoft/monaco-editor/tarball/$monacoRef | tar -xz -C $monaco_build_directory --strip-components=1
+monacoVersion=$(cat "$monaco_build_directory/package.json" | jq -r '.["version"]')
+cat <<< "$(jq ".config.monaco.version = \"$monacoVersion\"" $package_json)" > $package_json
+
+cd $monaco_build_directory
+npm ci
+
+# Copy editor types
+npm run build-monaco-editor
+cp out/monaco-editor/esm/vs/editor/editor.api.d.ts $output_directory/editor.api.d.ts
+cp -R out/monaco-editor/esm/vs/basic-languages $output_directory/basic-languages
+cp -R out/monaco-editor/esm/vs/language $output_directory/language
+
+# Cleaning
+rm -rf $monaco_build_directory
diff --git a/scripts/install-vscode b/scripts/install-vscode
index 515d183a..c2dabad4 100755
--- a/scripts/install-vscode
+++ b/scripts/install-vscode
@@ -105,23 +105,4 @@ rm -rf $loc_output_directory
 mkdir -p $loc_output_directory
 curl -L --max-redirs 5 https://github.com/microsoft/vscode-loc/archive/refs/heads/main.tar.gz | tar -xz -C $loc_output_directory --strip-components=2 vscode-loc-main/i18n
 
-monaco_build_directory=`mktemp -d`
-echo "Downloading monaco-editor languages $monacoRef in $monaco_build_directory..."
-rm -rf $monaco_editor_output_directory
-mkdir -p $monaco_editor_output_directory
-curl -L --max-redirs 5 https://github.com/Microsoft/monaco-editor/tarball/$monacoRef | tar -xz -C $monaco_build_directory --strip-components=1
-monacoVersion=$(cat "$monaco_build_directory/package.json" | jq -r '.["version"]')
-cat <<< "$(jq ".config.monaco.version = \"$monacoVersion\"" $package_json)" > $package_json
-
-cd $monaco_build_directory
-npm ci
-
-# Copy editor types
-npm run build-monaco-editor
-cp out/monaco-editor/esm/vs/editor/editor.api.d.ts $monaco_editor_output_directory/editor.api.d.ts
-cp -R out/monaco-editor/esm/vs/basic-languages $monaco_editor_output_directory/basic-languages
-cp -R out/monaco-editor/esm/vs/language $monaco_editor_output_directory/language
-
-# Cleaning
-rm -rf $monaco_build_directory
 rm -rf $build_directory