Privileges Required to use Libraries 
To use libraries, you need either:
scheduler-administrator role
system, partition or isolation goup-level permissions
object-specific prvileges
Creating Libraries
You need one of the following privilege ranks to be able to create libraries:
Create - allows you to create libraries on the level the privilege was granted (system, partition, isolation-group), you have no further privileges through this rank, you automatically get privileges on librarys you create.
Edit - allows you to create, view, and edit all libraries on the level the privilege was granted (system, partition, isolation-group)
Delete - allows you to create, view, and delete all libraries on the level the privilege was granted (system, partition, isolation-group)
All - full control over all libraries on the level the privilege was granted (system, partition, isolation-group)
Editing Libraries
To successfully edit a library, you have to have one the following privileges:
Edit - privilege rank on the library, or on libraries in its partition, isolation group or system-wide
Delete - privilege rank on the library, or on libraries in its partition, isolation group or system-wide
All - privilege rank on the library, or on libraries in its partition, isolation group or system-wide
Libraries can reference the following objects, you need at least View privileges on these objects when you want to edit a library that references them:
Application