Josefina Isabel Villalobos Páramo (born August 5, 1924) is an American-born Colombian-Ecuadorian public servant.

[3] As the first lady of the nation, Villalobos was known in the media and by the Ecuadorian people Finita de Durán-Ballén.

When she became first lady, she played a vital role in the creation of the National Institute of the Child and the Family [qu] (INNFA).

[4] She was known for hosting of Carondelet Palace and accompanying her husband in various trips nationally and internationally.

Josefina was the first older lady to assume the role, since she was 68 years old when her husband won the presidency of the Republic in 1992.