diff --git a/packages/protocol/foundry.toml b/packages/protocol/foundry.toml
index 95fe05401e1..f309779040c 100644
--- a/packages/protocol/foundry.toml
+++ b/packages/protocol/foundry.toml
@@ -14,7 +14,7 @@ remappings = [
     'forge-std-8/=lib/celo-foundry-8/lib/forge-std/src/',
     '@celo-contracts-8=contracts-0.8/',
     '@openzeppelin/contracts8/=lib/openzeppelin-contracts8/contracts/',
-    '@celo-contracts=contracts/'
+    '@celo-contracts/=contracts/'
 ]
 
 no_match_contract = "RandomTest"
diff --git a/packages/protocol/migrations_sol/create_and_migrate_anvil_devchain.sh b/packages/protocol/migrations_sol/create_and_migrate_anvil_devchain.sh
index fbbda837206..dc49fc4af1f 100755
--- a/packages/protocol/migrations_sol/create_and_migrate_anvil_devchain.sh
+++ b/packages/protocol/migrations_sol/create_and_migrate_anvil_devchain.sh
@@ -1,20 +1,34 @@
 #!/usr/bin/env bash
 set -euo pipefail
 
-# Compile everything
-forge build
+# Keeping track of start time to measure how long it takes to run the script entirely
+START_TIME=$SECONDS
 
 export ANVIL_PORT=8546
 
 # TODO make this configurable
 FROM_ACCOUNT_NO_ZERO="f39Fd6e51aad88F6F4ce6aB8827279cffFb92266" # This is Anvil's default account (1)
-FROM_ACCOUNT="0x$FROM_ACCOUNT_NO_ZERO"
+export FROM_ACCOUNT="0x$FROM_ACCOUNT_NO_ZERO"
+
+# Create temporary directory
 TEMP_FOLDER="$PWD/.tmp"
+mkdir -p $TEMP_FOLDER
 
+# Start a local anvil instance
 source $PWD/migrations_sol/start_anvil.sh
 
-source $PWD/migrations_sol/deploy_precompiles.sh
+# Deploy libraries to the anvil instance
+source $PWD/migrations_sol/deploy_libraries.sh
+echo "Library flags are: $LIBRARY_FLAGS"
+
+# Build all contracts with deployed libraries
+# Including contracts that depend on libraries. This step replaces the library placeholder
+# in the bytecode with the address of the actually deployed library.
+echo "Compiling with libraries... "
+time forge build $LIBRARY_FLAGS
 
+# Deploy precompile contracts
+source $PWD/migrations_sol/deploy_precompiles.sh
 
 echo "Setting Registry Proxy"
 REGISTRY_ADDRESS="0x000000000000000000000000000000000000ce10"
@@ -24,50 +38,19 @@ REGISTRY_OWNER_ADDRESS=$FROM_ACCOUNT_NO_ZERO
 
 echo "Setting Registry owner"
 # Sets the storage of the registry so that it has an owner we control
-# pasition is bytes32(uint256(keccak256("eip1967.proxy.admin")) - 1);
+# position is bytes32(uint256(keccak256("eip1967.proxy.admin")) - 1);
 cast rpc anvil_setStorageAt --rpc-url http://127.0.0.1:$ANVIL_PORT $REGISTRY_ADDRESS 0xb53127684a568b3173ae13b9f8a6016e243e63b6e8ee1178d6a717850b5d6103 "0x000000000000000000000000$REGISTRY_OWNER_ADDRESS"
 
-
-echo "Deploying libraries"
-LIBRARIES_PATH=("contracts/common/linkedlists/AddressSortedLinkedListWithMedian.sol:AddressSortedLinkedListWithMedian"
-                "contracts/common/Signatures.sol:Signatures"
-                "contracts/common/linkedlists/AddressLinkedList.sol:AddressLinkedList"
-                "contracts/common/linkedlists/AddressSortedLinkedList.sol:AddressSortedLinkedList"
-                "contracts/common/linkedlists/IntegerSortedLinkedList.sol:IntegerSortedLinkedList"
-                "contracts/governance/Proposals.sol:Proposals"
-)
-
-LIBRARIES=""
-
-for library in "${LIBRARIES_PATH[@]}"; do
-    library_name="${library#*:}" 
-    echo "Deploying library: $library_name"
-    create_library_out=`forge create $library --from $FROM_ACCOUNT --rpc-url http://127.0.0.1:$ANVIL_PORT --unlocked --json`
-    library_address=`echo $create_library_out | jq -r '.deployedTo'`
-    
-    LIBRARIES="$LIBRARIES --libraries $library:$library_address"
-done
-
-echo "Library flags are: $LIBRARIES"
-echo "Backing up libraries"
-
-mkdir -p $TEMP_FOLDER
-
-LIBRARIES_FILE="$TEMP_FOLDER/libraries.tx"
-rm -f $LIBRARIES_FILE
-touch $LIBRARIES_FILE
-
-echo "$LIBRARIES" > $LIBRARIES_FILE
-
+# run migrations
+echo "Running migration script... "
 # helpers to disable broadcast and simulation
 # TODO move to configuration
 BROADCAST="--broadcast"
-SKIP_SUMULATION=""
-# SKIP_SUMULATION="--skip-simulation" 
+SKIP_SIMULATION=""
+# SKIP_SIMULATION="--skip-simulation" 
 # BROADCAST=""
+time forge script migrations_sol/Migration.s.sol --tc Migration --rpc-url http://127.0.0.1:$ANVIL_PORT -vvv $BROADCAST --non-interactive --sender $FROM_ACCOUNT --unlocked $LIBRARY_FLAGS || echo "Migration script failed"
 
-echo "Compiling with libraries... "
-time forge build $LIBRARIES
-
-# run migrations
-time forge script migrations_sol/Migration.s.sol --tc Migration --rpc-url http://127.0.0.1:$ANVIL_PORT -vvv $BROADCAST --non-interactive --sender $FROM_ACCOUNT --unlocked $LIBRARIES || echo "Migration script failed"
\ No newline at end of file
+# Keeping track of the finish time to measure how long it takes to run the script entirely
+ELAPSED_TIME=$(($SECONDS - $START_TIME))
+echo "Total elapsed time: $ELAPSED_TIME seconds"
diff --git a/packages/protocol/migrations_sol/deploy_libraries.sh b/packages/protocol/migrations_sol/deploy_libraries.sh
new file mode 100644
index 00000000000..4a9c5d5ac82
--- /dev/null
+++ b/packages/protocol/migrations_sol/deploy_libraries.sh
@@ -0,0 +1,87 @@
+#!/usr/bin/env bash
+set -euo pipefail
+
+# Name of temporary directory
+TEMP_DIR_NAME=".tmp/libraries"
+TEMP_DIR="$PWD/$TEMP_DIR_NAME"
+
+# Create a temporary directory or remove it first it if exists
+if [ -d "$TEMP_DIR" ]; then
+    echo "Removing existing temporary folder..."
+    rm -rf $TEMP_DIR
+fi
+mkdir $TEMP_DIR
+
+# Copy libraries to the directory
+LIBRARIES_PATH=("contracts/common/linkedlists/AddressSortedLinkedListWithMedian.sol:AddressSortedLinkedListWithMedian"
+                "contracts/common/Signatures.sol:Signatures"
+                "contracts/common/linkedlists/AddressLinkedList.sol:AddressLinkedList"
+                "contracts/common/linkedlists/AddressSortedLinkedList.sol:AddressSortedLinkedList"
+                "contracts/common/linkedlists/IntegerSortedLinkedList.sol:IntegerSortedLinkedList"
+                "contracts/governance/Proposals.sol:Proposals"
+)
+
+for LIB_PATH in "${LIBRARIES_PATH[@]}"; do
+    IFS=":" read -r SOURCE DEST <<< "$LIB_PATH"
+    DEST_FILE="$TEMP_DIR/$SOURCE"
+    DEST_DIR=$(dirname "$DEST_FILE")
+    mkdir -p "$DEST_DIR"
+    echo "Copying file $SOURCE to $DEST_FILE"
+    cp "$SOURCE" "$DEST_FILE"
+done
+
+# Copy dependencies of the libraries to the directory
+LIBRARY_DEPENDENCIES_PATH=(
+    "contracts/common/FixidityLib.sol"
+    "contracts/common/linkedlists/LinkedList.sol"
+    "contracts/common/linkedlists/SortedLinkedList.sol"
+    "contracts/common/linkedlists/SortedLinkedListWithMedian.sol"
+    "lib/openzeppelin-contracts/contracts/math/SafeMath.sol"
+    "lib/openzeppelin-contracts/contracts/math/Math.sol"
+    "lib/openzeppelin-contracts/contracts/cryptography/ECDSA.sol"   
+    "lib/openzeppelin-contracts/contracts/utils/Address.sol"
+    "lib/solidity-bytes-utils/contracts/BytesLib.sol"
+)
+
+# Creating two variables for better readability
+SOURCE_DIR=$PWD
+DEST_DIR=$TEMP_DIR
+
+for LIB_PATH in "${LIBRARY_DEPENDENCIES_PATH[@]}"; do
+    # Creates directory for the dependency, including any necessary parent directories
+    mkdir -p $DEST_DIR/$(dirname $LIB_PATH)
+    # Copies dependency to the newly created directory
+    cp $SOURCE_DIR/$LIB_PATH $DEST_DIR/$LIB_PATH
+done
+
+# Copy foundry config to the temporary directory
+cp $SOURCE_DIR/foundry.toml $DEST_DIR/foundry.toml
+
+# Move into the temporary directory
+pushd $TEMP_DIR
+
+# Build libraries
+echo "Building libraries..."
+forge build
+
+# Deploy libraries and building library flag
+echo "Deploying libraries..."
+export LIBRARY_FLAGS=""
+for LIB_PATH in "${LIBRARIES_PATH[@]}"; do
+    LIB_NAME="${LIB_PATH#*:}" 
+    # For example:
+    # LIB_PATH = "contracts/common/linkedlists/AddressSortedLinkedListWithMedian.sol:AddressSortedLinkedListWithMedian"
+    # LIB_NAME = AddressSortedLinkedListWithMedian
+    echo "Deploying library: $LIB_NAME"
+    create_library_out=`forge create $LIB_PATH --from $FROM_ACCOUNT --rpc-url http://127.0.0.1:$ANVIL_PORT --unlocked --json`
+    LIB_ADDRESS=`echo $create_library_out | jq -r '.deployedTo'`
+    # Constructing library flag so the remaining contracts can be built and linkeded to these libraries
+    LIBRARY_FLAGS="$LIBRARY_FLAGS --libraries $LIB_PATH:$LIB_ADDRESS"
+done
+
+# Move out of the temporary directory
+popd
+
+# Remove the temporary directory
+rm -rf $TEMP_DIR
+