Felipa Alicia Palacios Hinestroza (born December 1, 1975, in Bojaya, Chocó) is a retired female track and field athlete from Colombia, who competed in the sprint events.

She represented her native country in three consecutive Summer Olympics, starting in 1996.

Palacios won the bronze medal in the women's 200 metres at the 1999 Pan American Games in Winnipeg, Manitoba, Canada.

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